CURRENT AFFAIRS

Detailed explanation-1: -It was commissioned during 2001. The Centre had about 66.677% stake and 33.33% was with ChPT. The acquisition was done partly through internal accruals and borrowings. Asserting that both the ports were owned by Central government, he said that KPL would continue to function as a corporate firm and ChPT as Trust.

Detailed explanation-2: -It is the 12th major port of India, and the first port in India which is a public company. The Kamarajar Port Limited is the only corporatised major port and is registered as a company. Chennai Port Trust acquired around 67% stake of Centre in the Kamarajar Port Limited on 27 March 2020.

Detailed explanation-3: -The present capacity of the Terminal is 10 MTPA. Kamarajar Port has set up a berth for car exports and for other general cargo, at a cost of Rs. 140 crores. This berth will be able to accommodate the world’s largest car carrier of capacity of 8, 000 cars.

Detailed explanation-4: -Calcutta Port Commissioners was established in 1870 as the very first port authority in India by formalising the operational framework of Calcutta’s various riverine port facilities on the River Hooghly.